and those places up north that nobody ever goes there not only will china invest in the new rail network but may even build it they did a good job in america building a railroad. cameron bragged that the u.k. infrastructure is worth investing in not just by the government meanwhile back in the u.k. space frightening close talking continues police told members of the public so nor people just as clowns if they meet them in the street alas despite the public warning the media insisted on reporting on george osborne's autumn statement oh oh stacey. max george osborne perhaps the most terrifying clown of all actually want to take a look at this image here this is a clown spotted in norfolk i'm not sure if it was george osborne but he looks quite similar with his autumn statement no one thing that was reporting on the state of the u.k. economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's

look at some of the lies that he had to tell in order to make the economy here look better well workers' overall pay has not fallen insists george osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is

a post painting of a pipe this is not a pipe for me paula told them. so you. could use. to blow as usual school in the mean frozen treacle you. see but everything is a real korean george over people are suffering they're not suffering in this country they're really expressing their patriotic fervor for the coalition government they're not starving they're not freezing to death they're merely expressing their patriotism well it does look a bit poor scene you might say so you could be. just as you know just look oh yeah he's a big fact let's be honest about him so those his brother in arms david cameron david cameron is. my impression of david cameron more of these approved talk dinner as you know he's like. oh i didn't. so i didn't worry the poor brute would use good rule.

no good because a well let's look at those who are so poor a scene and this is the people who can't even afford to eat this is looking at the true state of the british economy now george osborne as we said he likes to deny the statistics deny the actual facts but tweet from the independent reads experts said government may be covering up how austerity and welfare cuts are adding to food crisis hunger in britain has reached the level of a quote public health emergency and the government may be covering up the extent to which all stared and welfare cuts are adding to the problem leading experts have said this is from the british medical journal and they spoke to a group of doctors senior academics and two leading universities all the way to calculate g.d.p. in this country is how many people are killing so it's really debt per death or

a death so they'll be fuel poverty this winter meaning people will die like they did last winter and that will add to the g.d.p. so i was born talk about g.d.p. growth these are show. whing dead bodies are the furthest we love the bodies of your hopes our g.d.p. growth. so the report by these doctors and university says that a surge in the number of people requiring a merge and see food aid a decrease in the amount of calories consumed by british families and a doubling of the number of malnutrition cases seen at english hospitals represent all the signs of a public health emergency that could go on recognize until it is too late to take preventative action they write again one of the things that they say is most important is the rise of malnutrition in english hospitals they're seeing so there's five thousand five hundred cases in the last year from about three thousand at the beginning of the crisis so once you deprive a child of the nutrients they require to develop their brain and their capacity

well now you're just writing off the future generation they're not malnourished they're just over good they're expressing their patriotic fervor. well perhaps as george osborne will say because they did commission report the government looked into it they're delaying it they've had their results for several months they're saying they're delaying it because they they're not quite happy with some of the facts revealed in their own report so they want to make sure that they were rigorous and diligent in finding the right information it's the soviet union played out here in britain so i remember the famously would say oh we've got all these directors rolling off the assembly line. making ten times more kilos and you know there would be this huge propaganda organ to misinform the public so here's george osborne doing his best stalin impression and saying oh yes there's the most well nutrition is good for the nation and there is

a reduction in living standards asperity is fantastic and we're going to beat whoever it is we're fighting against we're not sure but the chinese give us a lot of money and boris johnson thinks that the reason poor people are poor is guys are stupid and we're there we're down with that because we're funky we're down to number eleven number ten downing street come and see us we've got a show every two four hours we're the board of cameroon pantomime. so as i said that the future generation is being deprived of nutrients but they're also being deprived of the nutrients of savings this is in the next headline max biggest drop in savings for forty years bank of england figures reveal the bank figures show twenty three billion pounds taken out of long term savings in the past twelve months equivalent to nine hundred pounds for every household now they spoke to ross altman a former downing street advisor and she told the telegraph quote the figures are desperately worrying people are stopping saving for the long term because all the

policies of the last few years mean you would be a mug to save well other savings are a big same and in this country i mean how do they collect all the pics they meant to export. to china anyway most and most it's almost board is collecting the same with himself i mean he's down at the farm you know pleasuring pigs all day long should be over there doing something more useful than pig pleasuring so he can export the semen to china you would think this guy had a real job maybe he likes the job maybe that's why he took the job it is all being collected here they're not sending any live pigs to china now interestingly apparently the pigs here have better genetic material and it goes with that whole eugenics concept that you brought up with boris johnson saying that the reason why people are poor are because they have low i.q. which is the classic eugenicist idea that came out back in the thirty's and forty's well you know it's a combination of two things here first of all the pigs here you know the other cheap date so they're able to collect semen a lot cheaper than they would it's only so i priced pigs down of the code does or

france for example and as you point out it's an example of what boris johnson spoke about the reason the poor people in the u.k. are poor because they're stupid that is an example of jennings so here you've got the pig eugenics in a pig same in mixed with boris johnson the pig who sits behind me in a gold and looking building who's talking about eugenics in the country and saying look we need to implement eugenics to weed out the stupid people that's what boris johnson saying well to weed out the stupid people well it comes around during times of great depression when the great depression back then they were in a great depression and the people who caused the great depression tend to be the fraudsters the banks toure's and they tend to be hoarding the wealth at the top and they don't like to look at themselves so they try to think of some other reason well those people are stupid because we've deprived them of food while they were growing and nutrients while they are growing and we've deprived them of savings and now we're going to retire at seventy years old so you know those people are stupid for even listening to us but finally we're going to go to where this is all leading

as boomers retire well all be detroit soon so detroit is allowed to move forward with. there bankruptcy and on the chopping block of course is all those obligations to the former workers and present workers analysts have worn for years about the massive underfunding of public pensions the detroit bankruptcy will task whether governments can cut back on promises made years even decades earlier make no mistake other cities are watching the proceedings i'm talking about you philadelphia oh this is of course a more scapegoating of the four so the workers work there live for their pension and their cash but you can be used to leverage guns of synthetic obligations on wall street so that money has to be stolen clearly whether you're in the u.k. or detroit whether you birmingham manchester or detroit you know bridges are up for

grabs on the show yesterday on wall street led by the show's stars a member did a number eleven of boris johnson they want to take your money and they want to turn it into ok on the floor in front of the writ of spinning the globe given an income for doing nothing. so and there's a very much a lot of mainstream media propaganda against the workers here that they are somehow they're the ones i drove the city into the ground not any of the derivatives and the interest rate swaps and all of the crazy bank dealings that happened over the last few years or the collapse of the auto industry and a lot to do with tax policy and shipping jobs to china where we're now only sending them take seaman in return well it goes to the whole nation and therefore the world after this detroit's pension woes however highlight a bigger challenge the u.s. hasn't saved enough to support the coming retirement of millions of baby boomers in a sense we are all detroit hers now george osborne has said that here in the u.k. anybody fifty and over is safe we're not going to cut anything from your pensions

and you can retire at sixty five and stay healthy and enjoy some years of retirement it's just all those suckers under fifty we're going to make them work fine. you know make them take out huge amounts of debt some finance a university and they're going to work until they're seventy will probably raise it to seventy five or eighty if they happen to live that long what are. we going to go we're going to go to town to move on. the stage over the second have a whole lot more. war is probably the most complex and difficult human activity.

that. all of us are. locked up. in the phenomenon of friendly fire probably extends back to the invention of gunpowder. just killed a bunch of people you know don't know if there are no relatives there are of us people. reading. this some of the shoots my brother in the leg got in touch. because it because it was night times four in the morning even the best even the belch shoulders. are going to make mistakes this is this whole idea of brotherhood an author and then and camaraderie in this sense it was in this context it has absolutely no place. this is the plays that has been consecrated to god for almost

a thousand of years he bowled jim here twenty some years ago so he established the master clive on the silence. and people feel the love of christ all working. people say you can. come and something happens on this island that makes them return to it again and again they say the below saves them. join me james brown on a journey for the soul. only on o.t. .

welcome back to their car is the report i am max kaiser timed out to turn to professor steve author of deep bunking economics steve king welcome back the great to be him i love your backdrop on the world went to war of course deep bunking economics all over the world what about george osborne let's spend some time debugging george's board he's not an economist but he still managed to run the u.k. economy into the ground the office of national statistics says middle income household income in the u.k. is down five thousand pounds in two thousand and eight. politicians believe what they think of the experts because they want to have as little numbers

they can quote insane front of the say that it's all going to be wonderful in the future and they end up being suckers for an economic discipline that has no idea of how the economy operates didn't see this crosses coming in they would vos has actually made it was on the trouble is all as well as following that advice so i was driven the economy down and the only way i can see up is by causing another housing bubble which is where you know what i call i will help to they call it help to buy i call it help to sell has turned up so you've got another property bubble another asset speculation revival going on here that's about as far as they've gotten us running out of steam as we can all see right now on the real economy is continuing to tank we need to get rid of policy what i call the politico financial complex is not the military industrial complex screwed up capitalism which was in households forty years ago it's the financial politico complex and that's where most of our problems come from so they're making a bad situation worse so the action in on the ground are suffering from fuel poverty they're freezing to death they are malnourished in this

country rates of malnourishment are now. decade high levels but those numbers never seem to factor into the chancellor's equation in terms of how the economy is doing it's almost as if they're scapegoating the poor as my by. johnson the mayor of london as recently said that the reason the poor are poor is because they're stupid this sounds like the genic so most was born of these guys are they back to the. i mean the whole thing is we need you when you look at the research behind eugenics which goes back to about. fifty sixty seventy years ago that was a slight because economic research actually did the whole thing you know as mentioned the upper class to have an average i.q. of one hundred twenty one hundred for the middle class or ninety for the working class to me this was like a twin study to support it we then found out he made up about seventy of his hundred twins it was all fraud like almost everything else and the reality is social structure is locked down with the people at the bottom of the system and

make an incredible struggle to get up and you get the upper class you want necessarily all that broad get the you know a trip from paper to running westminster it isn't brains this is. speaking poor the poor have different ways to break through the artificial ceiling in america you know you have sports. way you know basketball for example has been a way for black americans to break through the oppression of racism and financial degradation in canada and a lot of time can i study well i saki in cat and comedy to some degree here in the u.k. of rock n roll the me the was on the border to a poor boy do but to play in a rock roll band so that those but now you're from australia i'm just curious if anything aside from growing fosters beer is there anything over there though she wears much of bubble economy of this part of the planet is so the main way to buy housing real estate what should go up and have debt driving it behind there and think you're a genius so this financialization of the global economy is something that guys like

paul krugman of the new york times think is great because there's no such thing as debt that doesn't matter any president is there percent and there's no consequence is ever in your thoughts that's the deadly thing i mean that particular pipe where he went across for the secular stagnation argument from. from the irish summit as he actually said someone is you don't build up bad consequences for the future now the reality is when you take a look at what draws us that process on it's rausing levels of debt and you've got to pay the debt back back to banks not towards other individuals and that also means the bubble has to has to fall i guess you know other possible fallout from low interest rates we have an amazing degree of larceny embezzlement malfeasance here in the u.k. this past few weeks has been the star turn of royal bank of scotland they've recently been caught targeting individuals and companies for debt. eugenics i mean areas here they're almost they've got almost the whole program in place but isn't

that rather a negative consequence of cheap money is that rewards criminality well because it's a cheap money i mean you would have to drive writes down because i saw the debt bubble coming and so they're going to be conned cope with that level of debt servicing you've got to reduce of that risen but the double consequence of that is these are the people who are in the finance sector over here in the politicians with them they expect to get you know six to eight percent returns perenna above the right of inflation and if the economy's growing up less than one percent they've got to do that in a parasitic why and one way they can do it is by the sort of stuff you're talking about the role bank of scotland targeting businesses sending them and getting their assets selling those for profit coming out ahead it's piracy parasitic behavior the financial sector on the real economy and it was bad enough when the bubbles driving up now the bubbles run out of the stream because of the sheer level of debt that's been accumulated it truly can be parasitic behavior it sounds like communism the old days where we had as we had to generate a certain number of tractors comrade you know the poor must be fed the wheat

harvest must be higher mel and as a result they introduced pogroms that were slaughtered people to meet their targets or is it distinctly milder bases there in the u.k. to meet certain. educational standards they have targets for testing and things like this when. did you caving or making the population dumb and then boris johnson come along and say well you're dumb that's why you're poor and then they'll take more money but this targeting of economic numbers and then making their assumptions fit the target yeah that nothing has no bearing on the real economy that's the thing i mean i'm. a fan of the innovative side of capitalism somebody said that innovative to cross over the you got to balance it with the state sector to some degree but the thing that i find infuriating is what i call the bureaucrats. and these people. are crazy and you get to the point soget some of the objectives they

set and so on and they end up startling the innovative side of capitalism while not giving you the sort of balancing you want the site to do at the same time and also the bureaucracy is running universities these days and degrading innovative research with a con handle people who don't fit inside their boxes you see it with cha getting of education and yeah and it really does feel like you've actually got you know chairman mao in control of just of stalin supposedly being champions of capitalism now let's talk about this idea you just mentioned a mixed economy or a balanced economy or having the state involved economically at some times or some sectors and having private markets and private enterprise involved really in a more balanced but it seems that this is a really difficult balance to strike because of the ideological forces on both sides point statists own the megaphone they own the media and they broadcast their message of state control in the times it becomes in the us the times is free

markets rule above and beyond that and arco capitalists if they have that group of ideological stalwarts how is that an example that you can in of a balanced economy either innes in history. or in the current global economy or is it is it a balance that is just too utopian vision that we really can never expect to ever happen yeah i mean it is something that i think you can save america in the fifty's and sixty's and that sort of balance but a lot of it was paranoid about the russians and that paranoia about the russians meant two things first of all the huge expenditure they did which then gave you know tremendous boost to innovation in american capitalism as well as but you also had the there and they couldn't let the workers' wages fall too low because of workers' wages were too low russia would stop to look attractive with the audiologists are very interesting points the again so you're saying that because during the thirty's of course the united states

a lot of people emigrated to russia yeah there was a communism was was a factor in the u.s. politics joseph mccarthy and other people politically rise up and there was a whole effort to deal with communism you know on american soil but the wages at that time and the promise of socialism and communism was attractive to force people to other countries today in america the wages in here the u.k. are virtually at a complete standstill and grown at all really for decades and purchasing power is collapsing they get no return on savings but there's no country to go to because every single country the world is guided by some structural bank so they're all the countries of the world have now adopted this psycho paul krugman as print money to die debt is great wages are terrible and wouldn't make sense. it is it how do you get around the blunt force trauma of

a pro statist argument that in fact. minimum wage and wages need to go up well i mean it was going to come out in defense he was saying it once wages to rise in america as well and i think what we capitalised of the fifty's and sixty's was for us capitalism with what actually bumped up the wages he paid to his work was so that they could afford to buy the cars they're producing on the production line and you had this belief that both profits and why you just had to have it's on and that's healthy capitalism we're going to crush this predatory capitalism move firms try to relocate the production of cheap wages and they try to sell back to high wage countries does not work it works the individual firm but it brings down the wife's levels over this. very simple graphic here we got a couple minutes left here is the central bank and the money is being printed and it flows off the central bank like the water coming from the source of the nile and it can go in one of two places or both places it can go toward banks to speculate

it can go toward workers in the form of wages these days due to financial engineering they seem to have been an irrigation project where only goes to speculators who get the cheap money and it doesn't go to workers so my question is this. the solution is either pay allow wages to rise in some commensurate ratio to the money supply that's going to bankers or b you must raise interest rates to get rid of zombie banks but we have instead the worst possible situation where the zombie banks get the cheap money and workers get nothing and that the worst of all possible worlds worst of all possible worlds i mean if there was the way the way the reserve is set up its money goes to the banks because of the reserves they don't give the money to the public but there was a section and i mean was such and thirteen point three of the federal reserve act that allowed them to give money to the workers directly which would be part of what

i call a modern jubilate structure and that was a balazs by the banks with the. what's the new act called not the with one the sort of brought back parts of last eagle that's how it was portrayed but a specific part of the legislation got rid of the capacity of the fed reserve to actually give the money to the public in the banks lobbied for that so was it one of these recent like the. old frank that was probably hidden in the tub text of that they got rid of that particular day of the laws of a section one section thirteen point three they gave the they got rid of it they gave who the right to what the gave that they the federal reserve the right with a majority vote to direct the money to the public rather than to the bank they had that right they had that right and they abolished it under dog frank even though the now obviously and some other words are going to go has to go. they got rid of they make a scene speculating illegal commodity futures modernization act yeah it was a baller just another function of the fed could let them do something good but you're talking about what a bunch of shy stairs i know this is quite revealing it's still the political

financial complex and i said we've got to get rid of them all so what are you doing here in the u.k. anyway i'm talking a whole bunch of rebel students rebels and oxford rebels in manchester and meeting up with terry jones and talking about what your real story i thought he had a great turn in last night in producing a documentary are you in the reunion concert oh the luxury of the radio not to icon stand spam. welfare a will have to leave it there thanks i was really going to report a lot of. it's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest dave king of deflation dot com if you'd like to get in touch tweet us a kaiser report bio. do you think that you as a representative of the. gazan government and government in general could achieve that easing off live for the palestinian people. the way they

communicate through the way the present themselves to the wall to caribbean they need we need respect to live from oh you know kind of governments good. cannot answer this government which recollected the from the people actually. presented it from the palestinian people themselves respect what china says respect i what i would believe someone meet someone runs. washington so-called peace process to resolve the israel palestine conflict which produce little if any results in fact the palestinians are experiencing excel or wait a few weeks and seizures is it time to accept a one state solution and or look to global institutions like the un to replace the current negotiating framework. i was thinking somehow i have to come back because

mom was waiting for me. i just knew that everything would be fine for some reason they were so confident because we were going to get married officially after he came back how could he not come back the mere thought of it never crossed her mind . the militants decided to try and break through to her new guinea abstaining grenade. they exploded blew him will run his back and it will. and it was all over all. we know that our comrades on our commander leave us no matter how tough it gets we're a team. you're getting was a senior in his military trio. he knew that if he didn't smother that grenade with his body more of his comrades would die he gave his own life to save his friends.

i play as street cleaner who's in love with a waitress i go on stage managing that there's an audience i used to take drugs and drink like a fish the police told me about the circus but i was such a punk i was like what circus. with a circus of kilograms. and would break down stereotypes about kids from disadvantaged backgrounds.

never on the table president putin's spokesman says ukraine joining a customs union with russia was never a positive told for this kind of pot think he on a cold in sochi. a tiny village takes on a u.s. energy giant we travel to remain where locals of desperate to stop shale gas exploration close to their homes. as the world mourns mandela the death of a. the anti-apartheid icon sparks theism y ten claims that racial tension could return to south africa. and i welcome you watching r.t. and.